Greek Entrepreneurs Open Shoe Factory in Brazil

Up to the end of this month, a Greek shoe factory will start operating in the city of São José do Hortêncio, in the southernmost Brazilian state of Rio Grande do Sul.

The new factory will be called Jimmy Chris Indústria de Calçados. The investment is by Greek businessmen and the production will be turned to the Greek market. The information was published by newspaper Jornal NH.

Brazilian shoes exports added up to US$ 910 million in the first semester of the year, against US$ 921.4 million in the same period last year.

There were 94.6 million pairs shipped, which represented a drop in 8% in relation to January to June in 2005, according to information from the Brazilian Association of Shoe Manufacturers (Abicalçados).

The decrease in shoes exports, according to the association, is still due to the appreciation of the Brazilian real in relation to the American dollar.

The main destination of Brazilian shoes was the United States, which imported 37.7 million, representing US$ 424.5 million in revenues in the first semester.

Next is the United Kingdom, with 10.7 million pairs imported, worth US$ 179.3 million. Argentina, Spain and Italy are amongst the five greatest buyers of the product in Brazil.

Anba

Tags:

Ads

You May Also Like

U.S.A. Calendar

ONGOING IN CALIFORNIA Sandrinha Cruz art photos at The Burbank Media Center Mall (818) ...

Heavy Hand

The U. S.’ intervention in Colombian-Brazilian bilateral relations follows the election of a left-wing ...

Cuban-Brazilian Cigar Looking Overseas for Smokers

Menendez Amerino, the largest cigar producer in Brazil, is betting on the Arab market ...

Brazilian Indians Get US$ 2.8 Million for Health Care

Health care will be reinforced for Indians who live in eleven Brazilian states. The ...

Another Nail in Brazilian Labor Minister’s Coffin: Ethics Committee Wants Him Out

In a surprising move to the Brazilian government the Executive Committee on Public Ethics ...

New Cabinet Chief Does Not Boost Brazilian Market

Latin American shares were mostly lower, with Brazil and Mexico sharing the blame for ...

Lula’s Rise in Popularity Doesn’t Offset Brazil’s Stock Market Losses

Brazilian stocks and those from Latin American in general retreated, as investors continued to ...

Brazilian Stock Exchange Breaks Record with US$ 600 Billion Turnover

Last year, Ibovespa, the main index of the São Paulo Stock Exchange (Bovespa), in ...

Brazilians Now Expected to Live Over 72, 3 Years More than a Decade Ago

Brazilian population's life expectancy has risen from 69.66 years, as of 1998, to 72.86 ...

Brazil Betting Tight Credit Is Ending

Brazilian and Latin American markets moved higher on the day, regaining ground lost in ...